Saturday February 29, 2020

62.7m a year for tax-free inheritance ceiling increase

2nd August, 2015
2
Michael Noonan

Increasing the amount that can be inherited tax-free to €300,000 would cost the state €62.7 million annually, the Revenue has told the Department of Finance.

The estimate was part of an exchange of emails between Revenue and the Department that looks at a range of possible amendments to the capital acquisitions tax (CAT) regime.

There has been widespread speculation that CAT thresholds will be increased in Budget 2016 to reflect rising asset values.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Large public capital projects could be run through an “independent panel of international experts” as part of public spending reforms, according to the Department of Public Expenditure

Daniel Murray | 3 months ago

The contract covers the supply of office stationery to a range of government bodies and agencies, including the HSE, universities, hospitals, councils and schools

Michael Brennan | 3 months ago

Party would launch the ‘largest public house building programme that Ireland has ever seen’ and a national health service

Aiden Corkery | 3 months ago